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StatuteBankruptcy and Insolvency Act

Section 66.32 — Bankruptcy and Insolvency Act: Effects of annulment

Text of the provision Official document

Unless the court otherwise orders, where a consumer proposal is annulled or deemed annulled, the consumer debtor may not make another consumer proposal, and is not entitled to any relief provided by sections 69 to 69.2 until all claims for which proofs of claim were filed and accepted are either paid in full or are extinguished by the operation of subsection 178(2). Where a consumer proposal is annulled or deemed annulled, the rights of the creditors are revived for the amount of their claims less any dividends received.

Official source: laws-lois.justice.gc.ca

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.